KUALA LUMPUR: Kedah Chief Minister Mukhriz Mahathir questioned the actions Pilgrims Fund Board (TH) the purchase of real estate owned by 1MDB with the RM188.5 million.
In a statement uploaded on his Twitter account, Mukhriz to compare the transaction between TH and 1MDB and Finance and the Ministry of Domestic 1MDB.
"If TH willing to pay such a high price for the land belonging to 1MDB, what is the reason the Finance Ministry on the selling price is so cheap to 1MDB first?" Asked Mukhriz.
On Thursday, the TH confirm the purchase of land for real estate investments in the financial center of Tun Razak Exchange (TRX).
This was revealed Deputy Group Managing Director and Chief Executive Officer TH, Datuk Johan Abdullah in a statement released earlier.
According to him, this step is in line with the real estate investment strategy TH focusing on the domestic sector.
"This investment is a commercial decision that meet the appetite for risk and has gone through all the internal assessment process in detail.
"The purchase of the property at the price of RM188.5 million is at a discount rate based on current market value and it has been evaluated by an independent professional valuer," he said.
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